Common use of Base Compensation Clause in Contracts

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary of one hundred and thirty-five thousand dollars ($135,000) payable in installments in accordance with the regular payroll schedule of the Employer (“Base Salary”). Such Base Salary shall be subject to review annually commencing in 2004 and shall be maintained or increased during the term of this Agreement in accordance with the Employer’s established management compensation policies and plans.

Appears in 3 contracts

Samples: Bradley S. Rench Employment Agreement (Centrue Financial Corp), Employment Agreement (Centrue Financial Corp), Carol S. Hoekstra Employment Agreement (Centrue Financial Corp)

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary of one hundred and thirty-five thousand dollars ($135,000) 142,000 payable in installments in accordance with the regular payroll schedule of the Employer Bank ("Base Salary"). Such Base Salary shall be subject to review annually commencing in 2004 2007 and shall be maintained or increased during the term of this Agreement in accordance with the Employer’s 's established management compensation policies and plans.

Appears in 2 contracts

Samples: Employment Agreement (Centrue Financial Corp), Employment Agreement (Centrue Financial Corp)

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Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary of one hundred One Hundred and thirtyThirty-five thousand Five Thousand dollars ($135,000135,000.00) payable in installments in accordance with the regular payroll schedule of the Employer (“Base Salary”). Such Base Salary shall be subject to review annually commencing in 2004 on the first of November 2006 and shall be maintained or increased during the term of this Agreement in accordance with the Employer’s established management compensation policies and plans.

Appears in 2 contracts

Samples: Employment Agreement (Centrue Financial Corp), Employment Agreement (Centrue Financial Corp)

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary base salary at the rate of one hundred and thirtyTwo Hundred Seventeen Thousand Eight Hundred Seventy-five thousand dollars eight Dollars ($135,000217,878) payable in installments in accordance with the regular payroll schedule of the Employer (“Base Salary”)Bank. Such Base Salary base salary shall be subject to review annually commencing in 2004 1997 and shall be maintained or increased during the term of this Agreement hereof in accordance with the Employer’s 's established management compensation policies and plans.

Appears in 2 contracts

Samples: Keith W. Acker Employment Agreement (West Suburban Bancorp Inc), Kevin J. Acker Employment Agreement (West Suburban Bancorp Inc)

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary base salary at the rate of one hundred and thirty-five thousand dollars One Hundred Seventy Five Thousand Dollar ($135,000175,000.00) payable in installments in accordance with the regular payroll schedule of the Employer (“Base Salary”)Bank. Such Base Salary base salary shall be subject to annual review annually by the Board of Directors commencing in 2004 for the year 2002 and shall be maintained or for increased during the term of this Agreement hereof in accordance with the EmployerBank’s established management compensation policies and plansplans or as otherwise determined by the Board of Directors.

Appears in 1 contract

Samples: Employment Agreement (ISB Financial Corp.)

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary of one Two hundred and thirty-five ninety thousand dollars ($135,000290,000) payable in installments in accordance with the regular payroll schedule of the Employer Bank (“Base Salary”"BASE SALARY"). Such Base Salary shall be subject to review annually commencing in 2004 2007 and shall be maintained or increased during the term of this Agreement in accordance with the Employer’s 's established management compensation policies and plans.

Appears in 1 contract

Samples: Employment Agreement (Centrue Financial Corp)

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary of one hundred and thirty-five ten thousand dollars ($135,000110,000.00) payable in installments in accordance with the regular payroll schedule of the Employer (“Base Salary”). Such Base Salary shall be subject to review annually commencing in 2004 2006 and shall be maintained or increased during the term of this Agreement in accordance with the Employer’s established management compensation policies and plans.

Appears in 1 contract

Samples: Employment Agreement (Centrue Financial Corp)

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary of one hundred and thirty-five ten thousand dollars ($135,000110,000) payable in installments in accordance with the regular payroll schedule of the Employer (“Base Salary”). Such Base Salary shall be subject to review annually commencing in 2004 and shall be maintained or increased during the term of this Agreement in accordance with the Employer’s established management compensation policies and plans.

Appears in 1 contract

Samples: Keith M. Roseland Employment Agreement (Centrue Financial Corp)

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary of one hundred and thirty-five thousand dollars ($135,000) 160,000 payable in installments in accordance with the regular payroll schedule of the Employer Bank ("Base Salary"). Such Base Salary shall be subject to review annually commencing in 2004 2007 and shall be maintained or increased during the term of this Agreement in accordance with the Employer’s 's established management compensation policies and plans.

Appears in 1 contract

Samples: Employment Agreement (Centrue Financial Corp)

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary of one hundred and thirty-five thousand dollars ($135,000) 152,000 payable in installments in accordance with the regular payroll schedule of the Employer Bank ("Base Salary"). Such Base Salary shall be subject to review annually commencing in 2004 2007 and shall be maintained or increased during the term of this Agreement in accordance with the Employer’s 's established management compensation policies and plans.

Appears in 1 contract

Samples: Employment Agreement (Centrue Financial Corp)

Base Compensation. The Executive shall receive be paid an aggregate annual minimum Base Salary of one hundred and thirty-five thousand dollars base salary ($135,000) payable in installments in accordance with the regular payroll schedule of the Employer (“"Base Salary”)") at the rate of $150,000 per annum, less statutory deductions and withholdings. Such The Base Salary shall be subject payable in a manner consistent with the normal payroll practices of the Company as in effect from time to review annually commencing in 2004 and time. The Base Salary shall be maintained or increased during reviewed annually by the term Compensation Committee of this Agreement in accordance with the Employer’s established management compensation policies and plansBoard (the "Committee").

Appears in 1 contract

Samples: Employment Agreement (Isg Resources Inc)

Base Compensation. The Effective January 1, 2009, the Executive shall receive an aggregate annual minimum Base Salary of one hundred and thirty-five thousand dollars ($135,000) 141,750 payable in installments in accordance with the regular payroll schedule of the Employer Bank (“Base Salary”). Such Base Salary shall be subject to review annually commencing in 2004 2009 and shall be maintained or increased during the term of this Agreement in accordance with the Employer’s established management compensation policies and plans.

Appears in 1 contract

Samples: Employment Agreement (Centrue Financial Corp)

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary base salary at the rate of one hundred and thirtyOne Hundred Thirty-five thousand dollars Thousand Dollars ($135,000) payable in installments in accordance with the regular payroll schedule of the Employer (“Base Salary”)Bank. Such Base Salary base salary shall be subject to review annually commencing in 2004 1997 and shall be maintained or increased during the term of this Agreement hereof in accordance with the Employer’s 's established management compensation policies and plans.

Appears in 1 contract

Samples: Employment Agreement (West Suburban Bancorp Inc)

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary of one hundred and thirty-five thousand dollars ($135,000) 207,500 payable in installments in accordance with the regular payroll schedule of the Employer Bank (“Base Salary”). Such Base Salary shall be subject to review annually commencing in 2004 2016 and shall be maintained or increased (but not decreased) during the term Term of this Agreement in accordance with the EmployerCompany’s established management compensation policies and plans.. Executive shall also be eligible for a performance bonus as described in paragraph Section 3(b) below. (b)

Appears in 1 contract

Samples: Employment Agreement (Centrue Financial Corp)

Base Compensation. The Executive shall receive be paid an aggregate annual minimum Base Salary of one hundred and thirty-five thousand dollars base salary ($135,000) payable in installments in accordance with the regular payroll schedule of the Employer (“"Base Salary”)") at the rate of $140,000 per annum, less statutory deductions and withholdings. Such The Base Salary shall be subject payable in a manner consistent with the normal payroll practices of the Company as in effect from time to review annually commencing in 2004 and time. The Base Salary shall be maintained or increased during reviewed annually by the term Compensation Committee of this Agreement in accordance with the Employer’s established management compensation policies and plansBoard (the "Committee").

Appears in 1 contract

Samples: Employment Agreement (Headwaters Inc)

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary of one hundred and thirty-five thousand dollars ($135,000) [________] payable in installments in accordance with the regular payroll schedule of the Employer Bank (“Base Salary”"BASE SALARY"). Such Base Salary shall be subject to review annually commencing in 2004 2007 and shall be maintained or increased during the term of this Agreement in accordance with the Employer’s 's established management compensation policies and plans.

Appears in 1 contract

Samples: Employment Agreement (Centrue Financial Corp)

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary of one two hundred and thirty-five fifty thousand dollars ($135,000250,000) payable in installments in accordance with the regular payroll schedule of the Employer Bank ("Base Salary"). Such Base Salary shall be subject to review annually commencing in 2004 and shall be maintained or increased during the term of this Agreement in accordance with the Employer’s 's established management compensation policies and plans.

Appears in 1 contract

Samples: Employment Agreement (Kankakee Bancorp Inc)

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary base salary at the rate of one hundred and thirtyseventy-five thousand dollars ($135,000175,000.00) payable in installments in accordance with the regular payroll schedule of the Employer (“Base Salary”)Employer. Such Base Salary base salary shall be subject to review annually commencing in 2004 on the first anniversary of the Effective Date, and such salary shall be maintained or increased during the term of this Agreement Term (as defined below) in accordance with the Employer’s established management compensation policies and plansplans (as the same may be adjusted, “Base Compensation”).

Appears in 1 contract

Samples: Employment Agreement (First Community Financial Partners, Inc.)

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary of one hundred Two Hundred and thirty-five thousand Seventy Five Thousand dollars ($135,000275,000.00) payable in installments in accordance with the regular payroll schedule of the Employer Bank (“Base Salary”). Such Base Salary shall be subject to review annually commencing in 2004 2005 and shall be maintained or increased during the term of this Agreement in accordance with the Employer’s established management compensation policies and plans.

Appears in 1 contract

Samples: Employment Agreement (Centrue Financial Corp)

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary base salary at the rate of one hundred and thirty-five eighty six thousand dollars ($135,000186,000) payable in installments in accordance with the regular payroll schedule of the Employer (“Base Salary”)Employer. Such Base Salary base compensation shall be subject to review annually commencing in 2004 1994 and shall be maintained or increased during the term of this Agreement hereof in accordance with the Employer’s 's established management compensation policies and plans.

Appears in 1 contract

Samples: Employment Agreement (Merchants Bancorp Inc/De/)

Base Compensation. The Effective January 1, 2009, the Executive shall receive an aggregate annual minimum Base Salary of one hundred and thirty-five thousand dollars ($135,000) 131,200 payable in installments in accordance with the regular payroll schedule of the Employer Bank (“Base Salary”). Such Base Salary shall be subject to review annually commencing in 2004 2009 and shall be maintained or increased during the term of this Agreement in accordance with the Employer’s established management compensation policies and plans.

Appears in 1 contract

Samples: Employment Agreement (Centrue Financial Corp)

Base Compensation. The Effective January 1, 2009, the Executive shall receive an aggregate annual minimum Base Salary of one hundred and thirty-five thousand dollars ($135,000) 157,500 payable in installments in accordance with the regular payroll schedule of the Employer Bank (“Base Salary”). Such Base Salary shall be subject to review annually commencing in 2004 2009 and shall be maintained or increased during the term of this Agreement in accordance with the Employer’s established management compensation policies and plans.

Appears in 1 contract

Samples: Employment Agreement (Centrue Financial Corp)

Base Compensation. The Effective January 1, 2009, the Executive shall receive an aggregate annual minimum Base Salary of one hundred and thirty-five thousand dollars ($135,000) 150,000 payable in installments in accordance with the regular payroll schedule of the Employer Bank (“Base Salary”). Such Base Salary shall be subject to review annually commencing in 2004 2009 and shall be maintained or increased during the term of this Agreement in accordance with the Employer’s established management compensation policies and plans.

Appears in 1 contract

Samples: Employment Agreement (Centrue Financial Corp)

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary of one hundred and thirty-five thousand dollars ($135,000) 122,000 payable in installments in accordance with the regular payroll schedule of the Employer Bank ("Base Salary"). Such Base Salary shall be subject to review annually commencing in 2004 2007 and shall be maintained or increased during the term of this Agreement in accordance with the Employer’s 's established management compensation policies and plans.

Appears in 1 contract

Samples: Employment Agreement (Centrue Financial Corp)

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary of one hundred and thirty-five thousand dollars ($135,000) 122,500 payable in installments in accordance with the regular payroll schedule of the Employer Bank ("Base Salary"). Such Base Salary shall be subject to review annually commencing in 2004 2007 and shall be maintained or increased during the term of this Agreement in accordance with the Employer’s 's established management compensation policies and plans.

Appears in 1 contract

Samples: Employment Agreement (Centrue Financial Corp)

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary of one hundred and thirty-five thousand dollars ($135,000) 325,000 payable in installments in accordance with the regular payroll schedule of the Employer Bank ("Base Salary"). Such Base Salary shall be subject to review annually commencing in 2004 2009 and shall be maintained or increased during the term of this Agreement in accordance with the Employer’s 's established management compensation policies and plans.

Appears in 1 contract

Samples: Employment Agreement (Centrue Financial Corp)

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary of one hundred and thirty-five thousand dollars ($135,000) 325,000 payable in installments in accordance with the regular payroll schedule of the Employer Bank (“Base Salary”). Such Base Salary shall be subject to review annually commencing in 2004 2016 and shall be maintained or increased (but not decreased) during the term Term of this Agreement in accordance with the EmployerCompany’s established management compensation policies and plans. Executive shall also be eligible for a performance bonus as described in paragraph Section 3(b) below.

Appears in 1 contract

Samples: Employment Agreement (Centrue Financial Corp)

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary base salary at the rate of one hundred and thirty-five thousand dollars One Hundred Sixty Thousand Dollars ($135,000160,000) payable in installments in accordance with the regular payroll schedule of the Employer (“Base Salary”)Employer. Such Base Salary base salary shall be subject to review annually commencing in 2004 at the end of each calendar year during the Term, and such salary shall be maintained or increased during the term of this Agreement Term (as defined below) in accordance with the Employer’s established management compensation policies and plansplans (as the same may be adjusted, “Base Compensation”).

Appears in 1 contract

Samples: Employment Agreement (First Community Financial Partners, Inc.)

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary of one hundred and thirty-five thousand dollars ($135,000) 110,000 payable in installments in accordance with the regular payroll schedule of the Employer Bank ("Base Salary"). Such Base Salary shall be subject to review annually commencing in 2004 2007 and shall be maintained or increased during the term of this Agreement in accordance with the Employer’s 's established management compensation policies and plans.

Appears in 1 contract

Samples: Employment Agreement (Centrue Financial Corp)

Base Compensation. The Effective January 1, 2009, the Executive shall receive an aggregate annual minimum Base Salary of one hundred and thirty-five thousand dollars ($135,000) 114,000 payable in installments in accordance with the regular payroll schedule of the Employer Bank (“Base Salary”). Such Base Salary shall be subject to review annually commencing in 2004 2009 and shall be maintained or increased during the term of this Agreement in accordance with the Employer’s established management compensation policies and plans.

Appears in 1 contract

Samples: Employment Agreement (Centrue Financial Corp)

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary of one hundred Two Hundred and thirty-five thousand Sixty Two Thousand dollars ($135,000262,000.00) payable in installments in accordance with the regular payroll schedule of the Employer (“Base Salary”). Such Base Salary shall be subject to review annually commencing in 2004 2006 and shall be maintained or increased during the term of this Agreement in accordance with the Employer’s established management compensation policies and plans.

Appears in 1 contract

Samples: Employment Agreement (Centrue Financial Corp)

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary base salary at the rate of one hundred and thirty-five thousand dollars One Hundred Ten Thousand Dollars ($135,000110,000) payable in installments in accordance with the regular payroll schedule of the Employer (“Base Salary”)Bank. Such Base Salary base salary shall be subject to review annually commencing in 2004 2001 and shall be maintained or increased during the term of this Agreement hereof in accordance with the Employer’s established management compensation policies and plans.

Appears in 1 contract

Samples: Daniel P. Grotto Employment Agreement (West Suburban Bancorp Inc)

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Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary of one Two hundred and thirty-five twenty thousand dollars ($135,000220,000) payable in installments in accordance with the regular payroll schedule of the Employer Bank (“Base Salary”"BASE SALARY"). Such Base Salary shall be subject to review annually commencing in 2004 2007 and shall be maintained or increased during the term of this Agreement in accordance with the Employer’s 's established management compensation policies and plans.

Appears in 1 contract

Samples: Employment Agreement (Centrue Financial Corp)

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary base salary at the rate of one hundred and thirty-five thousand dollars Ninety Nine Thousand Dollars ($135,00099,000) payable in installments in accordance with the regular payroll schedule of the Employer (“Base Salary”)Employer. Such Base Salary base salary shall be subject to review annually commencing in 2004 2003 and shall be maintained or increased during the term of this Agreement in accordance with the Employer’s 's established management compensation policies and plans.

Appears in 1 contract

Samples: Employment Agreement (St Joseph Capital Corp)

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary base salary at the rate of one hundred and thirty-five ten thousand dollars ($135,000110,000) payable in installments in accordance with the regular payroll schedule of the Employer (“Base Salary”)Employer. Such Base Salary base salary shall be subject to review annually commencing in 2004 1999 and shall be maintained or increased during the term of this Agreement hereof in accordance with the Employer’s 's established management compensation policies and plans.

Appears in 1 contract

Samples: Chippas Employment Agreement (West Suburban Bancorp Inc)

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary of one hundred and thirty-five thousand dollars ($135,000) payable in installments in accordance with the regular payroll schedule of the Employer (“Base Salary”). Such Base Salary shall be subject to review annually commencing in 2004 and shall be maintained or increased during the term of this Agreement in accordance with the Employer’s established management compensation policies and plans.

Appears in 1 contract

Samples: Employment Agreement (Centrue Financial Corp)

Base Compensation. The Effective January 1, 2009, the Executive shall receive an aggregate annual minimum Base Salary of one hundred and thirty-five thousand dollars ($135,000) 177,000 payable in installments in accordance with the regular payroll schedule of the Employer Bank (“Base Salary”). Such Base Salary shall be subject to review annually commencing in 2004 2009 and shall be maintained or increased during the term of this Agreement in accordance with the Employer’s established management compensation policies and plans.

Appears in 1 contract

Samples: Employment Agreement (Centrue Financial Corp)

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary of one hundred and thirty-five thousand dollars ($135,000) 212,000 payable in installments in accordance with the regular payroll schedule of the Employer Bank (“Base Salary”). Such Base Salary shall be subject to review annually commencing in 2004 2016 and shall be maintained or increased (but not decreased) during the term Term of this Agreement in accordance with the EmployerCompany’s established management compensation policies and plans.. Executive shall also be eligible for a performance bonus as described in paragraph Section 3(b) below. (b)

Appears in 1 contract

Samples: Employment Agreement (Centrue Financial Corp)

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary of one hundred and thirty-five thousand dollars ($135,000) 120,000 payable in installments in accordance with the regular payroll schedule of the Employer Bank ("Base Salary"). Such Base Salary shall be subject to review annually commencing in 2004 2007 and shall be maintained or increased during the term of this Agreement in accordance with the Employer’s 's established management compensation policies and plans.

Appears in 1 contract

Samples: Employment Agreement (Centrue Financial Corp)

Base Compensation. The Employer shall pay to the Executive shall receive an aggregate annual minimum Base Salary base salary at the rate of one hundred and thirty-five thousand dollars Two Hundred Seventy Five Thousand Dollars ($135,000275,000) payable in installments in accordance with the regular payroll schedule of the Employer (“Base Salary”)Employer. Such Base Salary base salary shall be subject to review annually commencing in 2004 1998 and shall be maintained or increased (but not decreased) during the term of this Agreement hereof in accordance with the Employer’s 's established management compensation policies and plans.

Appears in 1 contract

Samples: Zimmerman Employment Agreement (Linc Group Inc)

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary base salary at the rate of one hundred and thirtyOne Hundred Eighty-five thousand dollars Thousand Dollars ($135,000185,000) payable in installments in accordance with the regular payroll schedule of the Employer (“Base Salary”)Bank. Such Base Salary base salary shall be subject to review annually commencing in 2004 1997 and shall be maintained or increased during the term of this Agreement hereof in accordance with the Employer’s 's established management compensation policies and plans.

Appears in 1 contract

Samples: Brosnahan Employment Agreement (West Suburban Bancorp Inc)

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary base salary at the rate of one hundred and thirtyseventy-five thousand dollars ($135,00075,000) payable in installments in accordance with the regular payroll schedule of the Employer (“Base Salary”)Employer. Such Base Salary base compensation shall be subject to review annually commencing in 2004 1998 and shall be maintained or increased adjusted during the term of this hereof as the Board shall direct." In all other respects, Employer and Executive hereby confirm the Agreement, as herein amended, reserving to themselves the joint right to further amend or revoke, in whole or in part, the Agreement in accordance with the Employer’s established management compensation policies and plansany amendment thereto.

Appears in 1 contract

Samples: Eagle Finance Corp

Base Compensation. The Effective January 1, 2009, the Executive shall receive an aggregate annual minimum Base Salary of one hundred and thirty-five thousand dollars ($135,000) 161,500 payable in installments in accordance with the regular payroll schedule of the Employer Bank (“Base Salary”). Such Base Salary shall be subject to review annually commencing in 2004 2009 and shall be maintained or increased during the term of this Agreement in accordance with the Employer’s established management compensation policies and plans.

Appears in 1 contract

Samples: Employment Agreement (Centrue Financial Corp)

Base Compensation. The During the Employment Term, Executive shall receive an aggregate annual minimum Base Salary base salary of one hundred and thirty-five thousand dollars ($135,000) 190,000, payable in installments in accordance with the regular Company’s normal payroll schedule of the Employer practices ("Annual Base Salary"). Such Base Salary shall be subject to review annually commencing in 2004 and shall be maintained or increased during the term of this Agreement in accordance with the Employer’s established management compensation policies and plans.

Appears in 1 contract

Samples: Executive Employment Agreement (Lapolla Industries Inc)

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary of one hundred One Hundred and thirty-five thousand Twenty Thousand dollars ($135,000120,000.00) payable in installments in accordance with the regular payroll schedule of the Employer (“Base Salary”). Such Base Salary shall be subject to review annually commencing in 2004 2005 and shall be maintained or increased during the term of this Agreement in accordance with the Employer’s established management compensation policies and plans.

Appears in 1 contract

Samples: Employment Agreement (Centrue Financial Corp)

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary of one hundred One Hundred and thirty-five thousand Ninety Thousand dollars ($135,000190,000.00) payable in installments in accordance with the regular payroll schedule of the Employer Bank (“Base Salary”). Such Base Salary shall be subject to review annually commencing in 2004 2005 and shall be maintained or increased during the term of this Agreement in accordance with the Employer’s established management compensation policies and plans.

Appears in 1 contract

Samples: Employment Agreement (Centrue Financial Corp)

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary of one hundred and thirtyseventy-five thousand dollars ($135,000175,000) payable in installments in accordance with the regular payroll schedule of the Employer Bank ("Base Salary"). Such Base Salary shall be subject to review annually commencing in 2004 and shall be maintained or increased during the term of this Agreement in accordance with the Employer’s 's established management compensation policies and plans.

Appears in 1 contract

Samples: Lindstrom Employment Agreement (Kankakee Bancorp Inc)

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary base salary at the rate of one hundred One Hundred Ninety-two Thousand and thirty-five thousand Five Hundred dollars ($135,000192,500) payable in installments in accordance with the regular payroll schedule of the Employer (“Base Salary”)Employer. Such Base Salary base salary shall be subject to review annually commencing in 2004 on the first anniversary of the Effective Date, and such salary shall be maintained or increased during the term of this Agreement Term (as defined below) in accordance with the Employer’s established management compensation policies and plansplans (as the same may be adjusted, “Base Compensation”).

Appears in 1 contract

Samples: Employment Agreement (First Community Financial Partners, Inc.)

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary of one hundred and thirty-five thousand dollars ($135,000) 100,000 payable in installments in accordance with the regular payroll schedule of the Employer Bank ("Base Salary"). Such Base Salary shall be subject to review annually commencing in 2004 2007 and shall be maintained or increased during the term of this Agreement in accordance with the Employer’s 's established management compensation policies and plans.

Appears in 1 contract

Samples: Employment Agreement (Centrue Financial Corp)

Base Compensation. The Executive shall receive an aggregate annual minimum Base Salary of one One hundred and thirty-five thousand dollars Seventy Thousand Dollars ($135,000170,000) payable in installments in accordance with the regular payroll schedule of the Employer Bank (“Base Salary”"BASE SALARY"). Such Base Salary shall be subject to review annually commencing in 2004 2007 and shall be maintained or increased during the term of this Agreement in accordance with the Employer’s 's established management compensation policies and plans.

Appears in 1 contract

Samples: Employment Agreement (Centrue Financial Corp)

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